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  1. About the report
  2. About AMSA
  3. Plan on a Page
  4. Transmittal letter
  5. Reporting requirements and responsible minister
  6. Annual performance statements
  7. Chairman's review
  8. Organisational profile
  9. Financial summary
  10. Our governance
    1. Planning
    2. Risk management
    3. Performance reporting
    4. Related entity transactions
    5. Public interest disclosure
    6. Disability report
    7. Statement of significant non-compliance issues
    8. Advertising and market research
    9. Judicial decisions and reviews by outside bodies
    10. Workers' compensation premium
  11. Vessel and seafarer safety
    1. Seafarer certification
    2. Compliance and enforcement
    3. International shipping
    4. Domestic commercial vessels
  12. Search and rescue
    1. Search and rescue aircraft replacement
    2. National Search and Rescue Council
    3. Medium-altitude Earth Orbit Search and Rescue system
    4. Beacon registration system upgrade
    5. Torres Strait Marine Safety Program
  13. Marine environment
    1. The National Plan for Maritime Environmental Emergencies
    2. Cape Upstart marine pollution incident
    3. Working with other regulators
  14. Navigation safety
    1. Shipping management
    2. Aids to navigation management
  15. Working with our community
    1. Domestic engagement
    2. International engagement
    3. Regional engagement
  16. Appendix 1: Financial statements
    1. Statement of comprehensive income
    2. Statement of financial position
    3. Statement of changes in equity
    4. Cash flow statement
    5. Overview
    6. Note 1: Expenses
    7. Note 2: Own-source income
    8. Note 3: Fair value measurement
    9. Note 4: Financial assets
    10. Note 5: Non-financial assets
    11. Note 6: Payables
    12. Note 7: Interest bearing liabilities
    13. Note 8: Provisions
    14. Note 9: Cash flow reconciliation
    15. Note 10: Contingent liabilities and assets
    16. Note 11: Senior management personnel remuneration
    17. Note 12: Related party disclosures
    18. Note 13: Remuneration of auditors
    19. Note 14: Financial instruments
    20. Note 15: Financial assets reconciliation
    21. Note 16: Reporting of outcomes
    22. Note 17: Regulatory charging summary
    23. Note 18: Budgetary reports and explanations of major variances
  17. Appendix 2: Non-financial performance
    1. SC1: Ship and vessel safety
    2. SC1: Environment protection
    3. SC1: Regulatory
    4. SC1: Search and rescue
    5. SC1: Projects
    6. SC2: Preparing for the future
    7. SC3: Ensuring a competent and fairly treated maritime workforce
    8. SC4: Influencing international arrangements
    9. SC5: Engaging with the community
    10. SC6: Ensuring a progressive and vibrant organisation
  18. Appendix 3: AMSA Board members
  19. References
  20. Compliance Index
  1. About the report
  2. About AMSA
  3. Plan on a Page
  4. Transmittal letter
  5. Reporting requirements and responsible minister
  6. Annual performance statements
  7. Chairman's review
  8. Organisational profile
  9. Financial summary
  10. Our governance
    1. Planning
    2. Risk management
    3. Performance reporting
    4. Related entity transactions
    5. Public interest disclosure
    6. Disability report
    7. Statement of significant non-compliance issues
    8. Advertising and market research
    9. Judicial decisions and reviews by outside bodies
    10. Workers' compensation premium
  11. Vessel and seafarer safety
    1. Seafarer certification
    2. Compliance and enforcement
    3. International shipping
    4. Domestic commercial vessels
  12. Search and rescue
    1. Search and rescue aircraft replacement
    2. National Search and Rescue Council
    3. Medium-altitude Earth Orbit Search and Rescue system
    4. Beacon registration system upgrade
    5. Torres Strait Marine Safety Program
  13. Marine environment
    1. The National Plan for Maritime Environmental Emergencies
    2. Cape Upstart marine pollution incident
    3. Working with other regulators
  14. Navigation safety
    1. Shipping management
    2. Aids to navigation management
  15. Working with our community
    1. Domestic engagement
    2. International engagement
    3. Regional engagement
  16. Appendix 1: Financial statements
    1. Statement of comprehensive income
    2. Statement of financial position
    3. Statement of changes in equity
    4. Cash flow statement
    5. Overview
    6. Note 1: Expenses
    7. Note 2: Own-source income
    8. Note 3: Fair value measurement
    9. Note 4: Financial assets
    10. Note 5: Non-financial assets
    11. Note 6: Payables
    12. Note 7: Interest bearing liabilities
    13. Note 8: Provisions
    14. Note 9: Cash flow reconciliation
    15. Note 10: Contingent liabilities and assets
    16. Note 11: Senior management personnel remuneration
    17. Note 12: Related party disclosures
    18. Note 13: Remuneration of auditors
    19. Note 14: Financial instruments
    20. Note 15: Financial assets reconciliation
    21. Note 16: Reporting of outcomes
    22. Note 17: Regulatory charging summary
    23. Note 18: Budgetary reports and explanations of major variances
  17. Appendix 2: Non-financial performance
    1. SC1: Ship and vessel safety
    2. SC1: Environment protection
    3. SC1: Regulatory
    4. SC1: Search and rescue
    5. SC1: Projects
    6. SC2: Preparing for the future
    7. SC3: Ensuring a competent and fairly treated maritime workforce
    8. SC4: Influencing international arrangements
    9. SC5: Engaging with the community
    10. SC6: Ensuring a progressive and vibrant organisation
  18. Appendix 3: AMSA Board members
  19. References
  20. Compliance Index

Note 1: Expenses

 

2016

2015

 

$’000

$’000

Note 1A: Employee Benefits

Wages and salaries

43,983

42,719

Superannuation

    Defined contribution plans

4,422

5,379

    Defined benefit plans

4,560

3,413

Leave and other entitlements

7,971

6,489

Separation and redundancies

2,126

874

Other employee benefits - Fringe Benefits Tax

735

751

Total employee benefits

63,797

59,625

Accounting policy
Accounting policies for employee related expenses is contained in Note 8A: Employee provisions.

Note 1B: Suppliers

Goods and services supplied or rendered

    Travel and transport

5,131

6,564

    Material and services

94,741

92,262

    Communications

5,486

7,037

    Administration

5,672

6,165

Total goods and services supplied or rendered

111,030

112,028

Goods supplied in connection with

    Related entities

3,030

2,523

    External parties

94,837

95,702

Total goods supplied

97,867

98,225

Services rendered in connection with

    External parties

13,163

13,803

Total services rendered

13,163

13,803

Total goods and services supplied or rendered

111,030

112,028

Other suppliers

    Operating lease rentals – external parties

        Minimum lease payments

14,025

14,486

    Workers compensation expenses

262

262

Total other suppliers

14,287

14,748

Total supplier

125,317

126,776

Lease commitments
AMSA leases property for office accommodation, sites on which infrastructure assets are located and storage of equipment and inventory, specific search and rescue assets and motor vehicles. AMSA's lease payments are subject to a variety of arrangements, including fixed percentage increases, movements in the Consumer Price Index and adjustments of rentals to current market levels. Some occupancy leases include renewal clauses.

Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:

 

2016

2015

 

$’000

$’000

Within 1 year

11,115

12,982

Between 1 to 5 years

28,629

40,004

More than 5 years

20,408

27,325

Total operating lease commitments

60,152

80,311

Leasing commitments are GST inclusive where relevant.

Accounting Policy
Where an asset is aquired by means of a finance lease, the asset is capitalised at either the fair value of the lease property or, if lower, the present value of minimum lease payments at the inception of the contract and a liability is recognised at the same time and for the same amount.

The discount rate used is the interest rate implicit in the lease. Leased assets are amortised over the period of the lease. Lease payments are allocated between the principal component and the interest expense.

Operating lease payments are expensed on a straight-line basis which is representative of the pattern of benefits derived from the leased assets.

 

2016

2015

 

$’000

$’000

Note 1C: Depreciation and Amortisation

Depreciation

Buildings

678

492

Property, plant and equipment

10,588

11,383

Total depreciation

11,266

11,875

Amortisation

Assets held under finance leases

296

115

Intangibles

Computer software

2,588

1,377

Total amortisation

2,884

1,492

Total depreciation and amortisation

14,150

13,367

Note 1D: Finance Costs

Finance leases

57

16

Unwinding of discount

213

51

Total finance costs

270

67

Accounting Policy
All borrowing costs are expensed as incurred.

 

2016

2015

 

$’000

$’000

Note 1E: Write-Down and Impairment of Assets

Asset write-downs and impairments from:

Write-down of inventory

548

367

Impairment of receivables

-

17

Total write-down and impairment of assets

557

384

Note 1F: Losses from Asset Sales

Land and buildings

Proceeds from sale

-

(400)

Carrying value of assets sold

-

673

Selling expense

-

14

Property, plant and equipment

Carrying value of assets disposed

345

1,493

Intangibles:

Carrying value of assets disposed

5

-

Total losses from asset sales

350

1,780

Accounting Policy
Gains or losses from disposal of assets are recognised when control of the asset has passed to the buyer.